Interactive Brokers: Difference between revisions

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Customers should be aware that brokers, including IB, may take similar actions in the future. This poses a risk of economic harm, as investors could be artificially prevented from entering or executing trades during critical market movements.

=== Two-factor Authentication & Biometrics ===

==== Extremely limited and deceptive MFA options. ====

Interactive Brokers requires the use of Two-Factor Authentication to access their services.<ref>{{Cite web |date=2025-08-07 |title=Two-Factor Authentication Methods |url=https://www.ibkrguides.com/securelogin/sls/twofactorauth.htm |url-status=live |access-date=2025-10-13 |website=IBKR Guides}}</ref> They heavily push for the use of their application: IBKR Mobile to provide an OTP challenge code. While their website states you can use a third party, offline authentication app, they do not provide any guides on how to set up an authentication app. If asked about this, they will tell you your only option is to install their application. For users with devices that do not support Google Play Services or the Apple Store, they will not provide you with a signed APK and verified signing key upon request. The link to the article about using a 3rd Party Authenticator is the same as the IBKR Mobile one.<ref>{{Cite web |date=2025-08-07 |title=IBKR Mobile - IB Key Authentication |url=https://www.ibkrguides.com/securelogin/sls/ibkrmobile.htm |url-status=live |access-date=2025-10-13 |website=IBKR Guides}}</ref>

==== Third Party Biometrics with Au10tix. ====

During initial signup, or as an alternative to secure verification without a MFA Challenge Code, SMS Token or denial of alternative Security Authentication such as Security Questions, you will be asked for ID Verification through the third party biometrics service provider Au10tix. As apart of their privacy policy, Aut10tix may retain client data indefinitely, and at a minimum of 3 years even upon request.<ref>{{Cite web |date=2025-10-13 |title=Au10tix - Biometric Data Policy |url=https://www.au10tix.com/legal/biometric-data-policy/ |url-status=live |archive-date= |access-date=2025-10-13 |website=Au10tix}}</ref> You can state that you do not consent to third party biometric collection and they will be able to direct you to a manual verification process whereby you can email your ID.

==References==

[[Category:Interactive Brokers]]

@@ Line 40: / Line 40: @@
 Customers should be aware that brokers, including IB, may take similar actions in the future. This poses a risk of economic harm, as investors could be artificially prevented from entering or executing trades during critical market movements.
+=== Two-factor Authentication & Biometrics ===
+==== Extremely limited and deceptive MFA options. ====
+Interactive Brokers requires the use of Two-Factor Authentication to access their services.<ref>{{Cite web |date=2025-08-07 |title=Two-Factor Authentication Methods |url=https://www.ibkrguides.com/securelogin/sls/twofactorauth.htm |url-status=live |access-date=2025-10-13 |website=IBKR Guides}}</ref> They heavily push for the use of their application: IBKR Mobile to provide an OTP challenge code. While their website states you can use a third party, offline authentication app, they do not provide any guides on how to set up an authentication app. If asked about this, they will tell you your only option is to install their application. For users with devices that do not support Google Play Services or the Apple Store, they will not provide you with a signed APK and verified signing key upon request. The link to the article about using a 3rd Party Authenticator is the same as the IBKR Mobile one.<ref>{{Cite web |date=2025-08-07 |title=IBKR Mobile - IB Key Authentication |url=https://www.ibkrguides.com/securelogin/sls/ibkrmobile.htm |url-status=live |access-date=2025-10-13 |website=IBKR Guides}}</ref>
+==== Third Party Biometrics with Au10tix. ====
+During initial signup, or as an alternative to secure verification without a MFA Challenge Code, SMS Token or denial of alternative Security Authentication such as Security Questions, you will be asked for ID Verification through the third party biometrics service provider Au10tix. As apart of their privacy policy, Aut10tix may retain client data indefinitely, and at a minimum of 3 years even upon request.<ref>{{Cite web |date=2025-10-13 |title=Au10tix - Biometric Data Policy |url=https://www.au10tix.com/legal/biometric-data-policy/ |url-status=live |archive-date= |access-date=2025-10-13 |website=Au10tix}}</ref> You can state that you do not consent to third party biometric collection and they will be able to direct you to a manual verification process whereby you can email your ID.
 ==References==
 <references />
 [[Category:Interactive Brokers]]